SUNW: -0.13; LFC: 0.76; CHN: 2.06; SOHU Mar 30C: -0.55.
Tag Archives: Lfc
Two steps forward, one step back …
After the Wednesday’s impressive gains, we gave it back some on Thursday. SUNW reached 5.93 intraday. It needs to break 6 resistence. Both LFC and CHN retraced to 20MA support/resistence. Judging from lower volume, they were doing fine.
SUNW: +0.01; LFC: +0.39; CHN: +2.46; SOHU Mar 30 C: -0.25.
LFC
This is an illustration Signed Life Ensurance how life insurance industry may grow as middle class grows in China. Recent accounting issue with LFC’s predecessor presents some buying opportunities. There was also a rumor about class action lawsuit related to LFC’s IPO. The prospect of class action lawsuit may push it even lower in the near-term.
It’s a up day …
Obviously the job report is not too bad and things are improving in the job market. The market reacted positively.
Both CHN and LFC went up more than 3%. SOHU closed up at 29.05; Mar 30 C is selling at 2.40 now. ACH went up 9.2% today!
China Stocks took big hit …
LFC took a big hit as its predecessor was found with accounting irregularities. It dropped $2.13 or 7.4%. Other China stocks was also impacted. Increased my LFC position. Also bought CHN. Looking for opp. to buy HNP again.
SUNW went down to 5.12. It needs to stay above 5 level to keep previous uptrend. Otherwise, we shall see it back to 4-4.5 level.